The Quick ratio of Lotus Chocolate Company Limited is 1.08
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Lotus Chocolate Company Limited manufactures and sells chocolates, cocoa products, and cocoa derivatives in India. The company offers chocolate products under the Chuckles, Super Carr, On & On, High 5, Gobble, Kajoos, Milky Punch, Maltys, Tango, and Eclairs brand names, as well as chocolates as gifts. It provides products for industrial purpose, such as cocoa mass, cocoa powders, cocoa butters, chocolates, choco treats, choco pastes, cream coverings, chocolate powders, chocolate sauces, and chocolate decorative products. Lotus Chocolate Company Limited serves bakeries, and multinational companies. Lotus Chocolate Company Limited was incorporated in 1988 and is based in Hyderabad, India.